Today we’re going to talk with an investor who got his start right out of college investing in challenging properties in difficult neighborhoods.  He lost time and money on his first several deals, but kept on going to become a successful long-term investor. Yusef Alexander is a Real Estate Industry Thought Leader with more than 27 years of working-class, real estate industry experience.  He serves as VP & Chief business Development Officer at Real Estate Asset Partners and is involved in acquisitions, property management, leasing operations, and sales and marketing. Today Yusef shares his real estate investing trajectory, from his early days in Los Angeles investing in marginalized neighborhoods, to Arizona, Chicago, and the Southern States where he’s been investing in apartment communities.   We’ll discuss how he enters a new market and creates ‘on-the-ground momentum’.  We’ll also talk about the emotional aspect of investing and it’s up’s & down’s, as well as the philosophy that keeps Yusef’s career in equilibrium. I know you're going to gain a lot of knowledge from todays conversation.  You can contact Yusef by email: yusef@reap.capital and website: https://reap.capital Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com    

Rental Property Owner & Real Estate Investor Podcast

EP303 Navigating Difficult Properties and Challenging Real Estate Markets while Investing in Working Class Communities with Yusef Alexander

Today we’re going to take a look at the Affordable Housing Crisis in the U.S. and how this will become increasingly important to renters and rental property owners in the coming years.  Construction and labor costs have risen to a point where current prices and rents may not justify the expense of building new supply, yet the demand for housing is growing and creating a lack of affordable housing for many people. My guests today have positioned themselves to be part of the solution.  Nick Earls and Eric DiNicola are full-time real estate investors, developers, and founders of Winterspring Capital, a private equity firm based out of Boston, MA.  Nick and Eric have over $100 Million in past and current assets under their belts and focus on several types of multifamily investment and development strategies.  Currently they have both an affordable housing development in progress, as well as a $25 Million market-rate 32-unit luxury condo development in Boston. We’ll also discuss the importance of having a High-Net Worth Investor or group to partner with in order to acquire the best financing from lending institutions.  Nick and Eric also discuss the political and public process they go through in the pre-development phase and share tips on how to react when dealing with aggressive input and feedback from the NIMBY crowd. Nick and Eric have a lot of incredible development wisdom to share in this episode.  You can find out more about them through their website: https://winterspringcapital.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com    

EP302 Development Strategies for Affordable Housing and Market-Rate Luxury Condos with Nick Earls & Eric DiNicola

We’re going to talk about some fun alternative asset classes today that will expand your thinking about what really constitutes rental property. My guest today started his career in sports medicine and spent four summers with the Buffalo Bills as an athletic trainer.  It didn’t take him long to realize that he loved business and wanted to become an entrepreneur. Jeff Gebhart started flipping single family rentals and then pivoted to buying commercial properties in West Michigan.  His company FNG Properties currently owns roughly $3 Million in Michigan real estate and is a limited partner in over $25 Million in multifamily nationally. And here’s the fun part… Jeff is also an executive for Silver Lake Management Company, which operates four Craig’s Cruisers, Silver Lake Chicken Shack, Jellystone Campground, Dunes Express Hotel, and the new Billy Bones Best Ever Wings in Grandville, Michigan.  Jeff is also a partner in Locked 460 Escape Rooms and the bass player for the locally famous Rocket Fuel Haulers, the unofficial #2 best cover band in Michigan. Jeff is going to discuss each business model and how it relates to real estate investing, along with the ethos of fun, due diligence and customer service he brings to each endeavor.  You’ll also learn how Jeff and his team realized they were in the restaurant business, even though they considered themselves to be in the ‘fun’ business.  We’ll also talk about choosing your customer, maximizing your efficiency, and why multifamily real estate and passive investing outperform most other assets. This is a super fun conversation that I know you’re going to enjoy.  You can contact Jeff through email at jeff@craigscruisers.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP301 Investing in Fun: Hotels, Campgrounds, Amusement Parks and Chicken Wings with Jeff Gebhart

Hello and welcome to episode #300!  This is a big number for us here on the Rental Property Owner and Real Estate Investor Show, and I want to thank all of you for being such an incredible and receptive audience. To celebrate, I thought we’d invite back two early guests, so we can check in with them to see how their investing has progressed over the years, and how joining professional organizations like the RPOA have catapulted their investing strategies into new and more lucrative asset classes. When we first talked with Jeremy and Melanie Garcia on episode #125, they were just getting started through house-hacking, flipping, and rehabbing in Muskegon, Michigan.  That was three years ago, and they now have bought and sold over 65 properties, quit their full-time jobs, and entered into the Airbnb space.  Today we’re going to discuss the lessons they’ve learned in scaling their flipping business, why they’ve only worked with hard-money lenders, the aggressive paydown strategies they have to achieve passive cashflow, wraparound mortgages and reverse-engineering their business to achieve the lifestyle they dream of. We’ll also discuss the multifamily property they recently acquired and the number one thing they did to boost net operating income, as well as their Airbnb strategy and how they differentiate their properties from other short-term rentals. I know you’re going to enjoy this conversation with Jeremy and Melanie, and gain some tips on how to accelerate your investing business.  You can find out more about them through their website:  www.staymuskegon.com and find out more about the Short Term Rental Association at:  https://www.shorttermrentalassoc.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com      

EP300 Special 300th Episode! Their Journey to Passive Income - From Flipping and Rehabbing to Multifamily and Airbnb Rentals with Jeremy and Melanie Garcia.

Today we’re going to talk about one of my favorite topics – demographics.  Specifically, how Generation Z is going to amplify the trends that millennials have already established, such as delaying marriage and living with their friends into their 30’s.  It pays to understand these trends and the disruption they create in the traditional rental housing market.  Concepts such as Shared Housing and Coliving are being monetized by savvy investors who see this as a lasting and lucrative trend. My guest today is one of those investors.  Johnny Wolff has roots in Silicon Valley and is the CEO and Founder of HomeRoom Coliving, which is one of the fastest growing coliving companies in the United States. Today Johnny is going to compare and contrast the Millenial and Gen Z demographics and explain the minimum and maximum technology and services they expect to encounter when renting.  Johnny will share the app he uses to create 3D tours, floor plans and dimensions of his properties, and the way he conducts his virtual tours and video interviews. We’ll also talk about the type of property that works well for coliving, and how Johnny maximizes the space by adding bedrooms in order to increase rent income per square foot. If you’re looking for ways to add upside value to the traditional rental housing model, then you definitely want to hear how Johnny is increasing net income by over 30%.  You can find out more about Johnny and HomeRoom Coliving through email: johnny@livehomeroom.com or website: https://livehomeroom.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP299 What You Need to Know about Generation Z Rental Trends and Coliving Housing with Johnny Wolff

My guest today is a successful entrepreneur and real estate investor who hosts the excellent podcast called “Street Smart Success”. Roger Becker is also a great guy and is not afraid to share the ups & downs of the deals he’s done, which include single family, commercial properties, and a rent-controlled multifamily in San Francisco. Today Roger goes where very few investors care to travel --- he’ll be sharing some of the more painful investments he made and the lessons he learned from them.  He’ll discuss the duplex he house hacked and how he was barely able to pay the mortgage each month.  We’ll also talk about the 100% loss he experienced on a commercial office and retail property when he partnered with someone that seemed to know what they were doing but didn’t. Roger will also go into detail on the 5-unit Rent Controlled Multifamily he acquired in San Francisco, and why he had to sell it when he realized that the tenants would never move out and allow him to increase rents to market rate.  We’ll also discuss the difficult decision he faced to condo-ize the building, and how the next investor he sold it to did just that and faced the wrath of the neighbors, city, and media. I know you’re going to enjoy listening to Roger’s stories and learning from his sometimes painful experiences.  You can contract Roger through email: roger@streetsmartsuccess.com And be sure to check out his excellent podcast “Street Smart Success”. Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP298 How His Painful Real Estate Experiences Boosted His Street Smart Success, with Roger Becker

Across the United States, Security Deposits tie up over $45 Billion dollars a year in non-interest-bearing accounts, and neither the landlord or the renter benefits from these funds while they’re just sitting there.  The security deposit is meant to protect the landlord from any damages caused by the renter, but often when it comes to serious damage the landlord will have to take the tenant to court to get paid and often does not recoup the time, money and effort that this process requires. There is an alternative to security deposits that some states are just beginning to recognize as legal.  The concept of Security Deposit Insurance has been gaining momentum over the past several years, and my guest today is going to explain how it works to the landlord and renter’s benefit. Paraag Sarva is the co-founder of Rhino, the leading security deposit insurance provider in the U.S. and he’s spent 10 years as a landlord in the New York metro area with over 250 units. Today we’re going to discuss the disruptive nature of Security Deposit Insurance, how it works, the costs and benefits, and whether or not you or your property manager can provide this at your properties. You can contact Paraag and find out more about Rhino Security Deposit Insurance by going to https://www.sayrhino.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP297 Security Deposit Insurance: Is this an option you should offer your residents? With Paarag Sarva

In order to understand how to structure an investment opportunity for your potential investors, you need to be clear on how the cash flow and profit will be distributed.  This is called a Waterfall, and there always seems to be quite a bit of confusion as to what that actually means and how to convey it. My friend Paul Moore recently wrote an in-depth article on Commercial Real Estate Waterfalls and I immediately contacted him to see if he’d share this valuable information with our listeners. You may have heard Paul previously on this show talking about both apartment investing and self-storage.  He is the Founder and Managing Partner of Wellings Capital and has completed over 85 real estate investments and exits. Today Paul discusses the meaning of Preferred Return, Cash-On-Cash Return, Cumulative Return, and Internal Rate of Return v.s. Annualized Return.  We discuss different deal structures and whether or not the sponsor/General Partner should receive a ‘Catch-up’.  These are all terms you need to understand and carefully consider when structuring your deals, and they can make a big difference in the profit you and your investors receive. Paul shares a lot of wisdom in this episode and you’ll definitely benefit from understanding these terms no matter what type of investor you happen to be.  You can find out more about Paul and access his report on waterfalls through his website: https://www.wellingscapital.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com  

EP296 What is a Commercial Real Estate Waterfall and what are the Key Terms you need to Know to Structure your Deals, with Paul Moore

My guest today believes that the Best Time to Buy Real Estate was 20 Years ago, but the next best time is NOW.  Joe DiSanto built a multi-million-dollar post-production company, produced critically acclaimed films and Emmy-winning TV show, all while investing millions of dollars in real estate.  Joe semi-retired at the age of 43, and now he’s sharing his lifetime of fiscal know-how through his company Play Louder, which helps people increase their net worth and strategize their plan for the future. Today Joe shares the process he went through to acquire and build out two separate commercial office conversion projects for his company’s use.  He utilized an SBA loan that he acquired through Lehman Brothers just before they collapsed at the start of the Great Recession.  He also talks about the General Contractor challenges he had on his second property and the huge cost overruns that he had to mitigate himself. Along the way we’ll discuss hydraulic car stackers that helped him add 4,500 sq. ft. to his office space, the two Emmy’s he won, and the HBO documentary series he produced with Dave Grohl from Nirvana and the Foo Fighters. I know you’re going to enjoy this episode.  You can find out more about Joe by going to https://www.playlouder.com or email:  Joe@playlouder.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP295 He Won Emmys, Worked with The Foo Fighters, Retired, and now Invests in Commercial Real Estate - with Joe DiSanto

One of the most lucrative ways to invest in real estate is to find an underperforming, tired multifamily property and bring it back to life through better management, renovations, and capital improvements.  I’ve done this myself many times and have added exponential value to the property and investment. My guest today is going to share with us the five most important steps you must follow when renovating a multifamily apartment property.  He’s also going to tell you what to look for in an investment sponsor if you’d prefer to invest passively in these types of opportunities. Ken Gee is the founder and managing partner of KRI Partners and the KRI group of companies.  He has over 24 years of real estate, banking, private equity transaction, and principal investing experience.  He’s also been involved with transactions valued at over $2 Billion dollars. Today Ken’s going to take us through the five most important steps his team takes when acquiring and improving a multifamily apartment project, the importance of understanding the market you’re investing in, the amenities he likes to add, and why you should wait at least 30 days before beginning any improvements. We’ll also discuss the three things you should look for in a sponsor you might invest with passively, including their track record and the way they prioritize their investors. Ken shares a lot of valuable information and experience in today’s conversation.  You can find out more about Ken by reading his free ebook at https://www.kripartners.com/ebook/ or email at kgee@kripartners.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP294 Five Must-Know Steps to Renovating a Multifamily Apartment Property with Ken Gee

If you’re in the business of syndication and raising money from high-net worth investors, it’s good to know where to find your ideal investor.  One of the worst-kept secrets is that doctors and dentists fall into this category, and you need to know how best to approach them with your opportunities. My guest today is a Neurosurgeon out of Houston, Texas who just released a book called “Prescribing Real Estate: A Doctor’s Guide to Commercial Real Estate” Masaki Oishi is a Medical Doctor, and Ph.D and the founder of MarketSpace Capital who specializes in introducing medical professionals to the commercial real estate investment world. Today, Masaki is going to help us understand the mindset of a busy medical professional and how he applies transparency and data to get them excited about his opportunities.  We’ll also discuss the types of commercial assets he acquires and the typical returns he targets. You can contact Masaki through www.marketspacecapital.com or social media. Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP293 Prescribing Real Estate to Doctors and other High-Net Worth Passive Investors with Masaki Oishi

Is the United States the best place to invest in Real Estate?  What if you want to find opportunities in other countries?  Is that even possible? What about investors from other countries who want to invest in the United States?  What are their options? My guest today helps her clients overcome obstacles and navigate businesses and investments across borders so that they can invest, live, work and play – anywhere. Lauren Cohen is also a serial entrepreneur, International Lawyer, Realtor, and Cross-Border Expert.  Today she’s going to illuminate the process and considerations you must be aware of when investing across borders. We’ll discuss some of the popular countries where many of her clients are investing, and the tax and entity considerations international investors should familiarize themselves with.  Lauren makes it clear that it is worth investing in an attorney, CPA, and advisors who can help you make the right decisions that won’t come back to haunt you later on. You can find out more about Lauren through her podcast “Investing Across Borders” and contact her through email: founder@ecouncilglobal.com. And here is the code & link to her free e-book “Real Estate Investing Across Borders: http://bit.ly/REAcrossBorders Coupon code: REI4FREE Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP292 Investing in Real Estate Internationally with Lauren Cohen

When my guest today first moved to the United States, he did not yet know how to speak English.  When he received his degree in Pharmacy, he ended up leaving a secure job to become an entrepreneur.  And when he began building his Multi-Million Dollar Rental Portfolio, he started with only $8 Thousand Dollars. Since then, Ketan Patel has raised over $10 Million for multifamily syndication, grown a senior care business by a factor of three in just two years, and is a successful High-Performance Coach who helps motivated real estate entrepreneurs create more income and impact by aligning their thoughts, emotions and actions. Today Ketan and I Role-Play the conversations he might typically have with a high-net worth but overworked Doctor.  You’ll see first-hand the persuasion and influence techniques Ketan employs to educate me on the concept of real estate investing, the risk-reward of real estate, building rapport, and getting to the close.  You’ll also learn the key questions Ketan asks a high-net worth investor in order to understand their goals and dreams. All Real Estate Investing involves some degree of salesmanship and the need to understand persuasion and influence.  The better you understand this, the more successful you’ll be in the long-run.  Ketan definitely brings this all to the forefront during today’s conversation. You can find out more at www.ketanpatel.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP291 How to Talk with High-Net Worth Investors to Educate Them on Your Investment Opportunities with Ketan Patel

My guest today started at the bottom during the Great Recession by knocking doors to find leads for his fix & flip business.  Fast-forward to today and he controls and manages over $15 Million in real estate and is the co-owner & founder of KECO Capital based in Honolulu, Hawaii. Cory Nemoto specializes in deal sourcing and valuations, acquisitions, financing, investor relations, and project management.  Today we’re going to discuss his fix & flip investing, entrepreneurship, and how to be comfortable about being uncomfortable. Cory is going to take us through his vertically integrated business structure where he has a team to find acquisition opportunities, fund them, rehab them, and either sell or manage them.  Cory will take us through the in’s and out’s of financing and private lending and explain the purpose of a ‘Dutch’ loan. Cory’s passion for real estate and entrepreneurism is very evident in this conversation and I know you’re going to enjoy what he has to share.  You can find Cory on social media and through his website www.kecocapital.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP290 How Vertical Integration in His Real Estate Business Helped him Create a $15M Portfolio with Cory Nemoto

Have you ever tried talking to your financial advisor about investing in Real Estate?  What did they have to say?  Did they bring up the risks and performance compared to investing in stocks, mutual funds, and bonds, or did they encourage you to invest in real estate and build passive income? If you’re talking with a traditional mainstream financial advisor, it's more likely that they steered you away from real estate into a mutual fund or stock portfolio. My guest today believes that traditional mainstream financial advice is BROKEN!  And he should know, because he used to be a financial advisor and stock coach. Chris Miles is now a Cash Flow Expert for Real Estate Investors and Anti-Financial Advisor.  He uses his company Money Ripples to expose the popular myths around money that have kept so many real estate investors from enjoying financial freedom and peace of mind. Today Chris and I discuss why your financial advisor is likely forbidden from endorsing investing in real estate, how you can free up cash flow and tap into equity to build your passive income, and how Infinite Banking can pay you Twice from your investment money. I know you’ll benefit from the insight and wisdom Chris shares today.  You can find out more about Chris by listening to his podcast “The Chris Miles Money Show” and through his website:  https://moneyripples.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits. https://www.rcbassociatesllc.com

EP289 Can Your Financial Advisor Help You Achieve Financial Freedom? With Chris Miles

Welcome to the Rental Property Owner and Real Estate Investor Podcast, Brought to you by the Rental Property Owner Association - providing benefits and services to real estate investors and rental property owners for over 45 years. Hosted by Brian Hamrick from Hamrick Investment Group. Every Monday Brian and his special guest will discuss topics, tips, and techniques Designed to make you a more confident and successful Rental Property Owner and Real Estate Investor

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Rental Property Owner & Real Estate Investor Podcast

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